Palladium Enterprises to Develop $75M Mixed-Use Project in Mesa, Arizona
MESA, ARIZ. — Palladium Enterprises, a privately held development firm, will break ground Monday, Feb. 24 on The GRID, a $75 million mixed-use project in the eastern Phoenix suburb of Mesa.
The residential component of The Grid consists of 75 micro apartments that will average about 450 square feet per unit, as well as 196 regular apartments and 15 row homes. The residential space will be built on top of the Pomeroy Parking Garage and will feature amenities such as a rooftop lounge, coworking space, outdoor pool and multiple courtyards. An expected completion date has not been released.
Current plans for The Grid also include 14,000 square feet of office space, plus an unspecified amount of retail and restaurant space. Pomeroy Street Plaza, a city park situated adjacent to the site, will also be upgraded as part of the project.
“The GRID is exactly the type of development we want to see in downtown Mesa,” says Mayor John Giles. “Building residential, restaurant and office space on top of an underutilized parking garage will add tremendously to our growing urban neighborhood.”
Palladium Enterprises is developing The Grid in partnership with the City of Mesa and Benedictine University. Three local real estate professionals — Tony Wall of 3W Management, Karrin Taylor Robson of Arizona Strategies and Trevor Barger of Espiritu Loci Inc. — serve as principals at Palladium Enterprises and are leading the development.
— Taylor Williams